Regulators Approve the LVMH-Tiffany Deal that isn't a Deal

By John Jeffay / October 27, 2020 / www.idexonline.com / Article Link

(IDEX Online) -  The deal for LVMH to buy Tiffany & Co may be off - but it's still been officially approved by regulators.The French luxury conglomerate pulled of its $16.2bn acquisition in a shock move in September that has left both sides locked in a bitter legal battle.But on Monday the European Commission said all the regulatory approvals to prevent a monopoly were in place.It's a curious twist - possibly the first time a potential buyer has been disappointed that their purchase has been approved.  Rejection may have given LVMH a convenient way out.Both sides will meet in January for a four-day hearing at court in Delaware, USA, when the New York-based jeweler will try to compel LVMH to go ahead with the acquisition.LVMH pulled out of its delayed purchase, citing pressure from the French government over a tariffs war with the US and saying the deal was "no longer possible". Tiffany insists LVMH is in clear breach of its obligations.

Recent News

Copper market distortions driven by new US tariff policies

July 28, 2025 / www.canadianminingreport.com

Gold stocks up even as metal pulls back

July 28, 2025 / www.canadianminingreport.com

Gold stocks down as markets continue to new highs

July 21, 2025 / www.canadianminingreport.com

TSXV Top 20 Gold market cap shifts away from exploration

July 21, 2025 / www.canadianminingreport.com

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok